So one of the aspects of creating this new--and we all understand this is not going to happen next year, this is a phased adaptation going forward--would be to provide investor protections, but perhaps not in the same way that is done presently by the SEC and private labels, but to work both of those features in, the rapidity, the liquidity, the ease, the uniformity with the investor protections.
Discussing the need for investor protections in a new market structure.
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